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New Stack
New Stack is an exempt reporting adviser based in Chicago, founded 2008; the Altss profile covers its classification, headquarters, registration, AUM band,...
Overview
NEW STACK, LLC is an exempt reporting adviser in CHICAGO, IL, established in 2021. It since then.
General information
Firm type
Exempt Reporting Adviser
Year founded
2008
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Menlo Park, CA, United States
Principals
Asiff Hirji
CEO & Founder
Joe Lonsdale
Co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at New Stack?
Investment decisions are led by CEO and founder Asiff Hirji alongside co-founder Joe Lonsdale. Both hold significant operating experience across the 8VC technology ecosystem and Palantir Technologies. The firm does not operate with a large investment committee or external advisory board typical of multi-family offices. Deal evaluation draws on Hirji and Lonsdale's direct technical and commercial operating backgrounds.
How does New Stack source proprietary deal flow?
New Stack sources primarily through the principals' entrepreneurial and venture networks, which include the 8VC fund complex and alumni of Palantir Technologies. Lonsdale's concurrent role as a general partner at 8VC creates a direct pipeline to companies emerging from that venture ecosystem. The firm does not publicly market for deal submissions or rely on traditional placement agent channels.
How is New Stack related to 8VC?
Joe Lonsdale co-founded both 8VC and New Stack, and the two entities share sourcing channels and investment thesis alignment around enterprise infrastructure. 8VC operates as a traditional venture capital firm with external limited partners, while New Stack functions as Lonsdale's and affiliated operators' private investment platform. They have co-invested in multiple shared portfolio companies including Addepar.
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